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FOX News
Dec 8, 2012 3:00am PST
of democrats say we can't cut medicare, social security, medicaid. and that's half the budget there. of course, we're spending 600, 700 billion dollars a year just to pay the interest on the debt. just on the interest. so you don't get any return on that. one last point, if we stay on the course we're on over the next ten years, do you know the biggest single expend did your item in the budget? >> i do, servicing the national debt. >> almost a trillion dollars a year to pay for our past fiscal sins. >> eric: i only have a half minute or so. is there any case in american history where raises taxes worked to stimulate the economy? >> i don't think so. a lot of experiences by the way, in the 60's under john f. kennedy, a democrat, in the 80's under a reagan when we cut tax rates the revenues went up, you know that, when we cut the tax rate. >> eric: i do, but i wanted to hear from steve moore, thank you very much. >> great to be with you, sir, have a great weekend. >> eric: he's meant to bring joy, but this big santa is stirring up controversy instead. and the dare program is supposed to be teach
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